Stock Worth Watching: Syntel, Inc. Stock Is Rising Now

October 6, 2016Linda Rogers

The stock of Syntel, Inc. (NASDAQ:SYNT) is a huge mover today! About 462,817 shares traded hands. Syntel, Inc. (NASDAQ:SYNT) has declined 43.71% since March 3, 2016 and is downtrending. It has underperformed by 52.06% the S&P500.
The move comes after 6 months positive chart setup for the $2.24 billion company. It was reported on Oct, 6 by Barchart.com. We have $41.65 PT which if reached, will make NASDAQ:SYNT worth $1.25 billion more.

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on October, 19. They expect $0.65 EPS, down 29.35% or $0.27 from last year’s $0.92 per share. SYNT’s profit will be $54.53M for 10.27 P/E if the $0.65 EPS becomes a reality. After $0.70 actual EPS reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage

Out of 8 analysts covering Syntel Inc. (NASDAQ:SYNT), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Syntel Inc. has been the topic of 15 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Maxim Group downgraded the stock to “Hold” rating in Friday, July 15 report. On Friday, February 19 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Buy” rating by Maxim Group on Wednesday, February 3. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Thursday, September 10 by SunTrust. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Thursday, September 10 by Suntrust Robinson. Maxim Group maintained Syntel, Inc. (NASDAQ:SYNT) on Tuesday, October 4 with “Hold” rating. The firm has “Hold” rating by Cantor Fitzgerald given on Friday, October 16. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Neutral” rating by Robert W. Baird on Tuesday, September 13. JP Morgan upgraded the stock to “Neutral” rating in Monday, January 11 report. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Neutral” rating given on Monday, April 18 by Robert W. Baird.

According to Zacks Investment Research, “Syntel is a worldwide provider of advanced technology services to Fortune 1000 companies, as well as to government entities. Their service offerings are grouped into three segments: e-Business, Application Outsourcing, and Teamsourcing. E-Business consists of practice areas in Web Solutions, Customer Relationship Management, Data Warehousing/Business Intelligence, and Enterprise Application Outsourcing services.”

Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.22, from 0.88 in 2016Q1. The ratio is positive, as 27 funds sold all Syntel, Inc. shares owned while 55 reduced positions. 24 funds bought stakes while 66 increased positions. They now own 28.31 million shares or 0.38% less from 28.42 million shares in 2016Q1.
Eqis Capital, a California-based fund reported 6,406 shares. Fil Limited has 0.15% invested in the company for 1.06 million shares. Virginia Retirement Systems Et Al has 0.02% invested in the company for 24,100 shares. Rk Asset Mgmt Limited Liability Corporation accumulated 7.58% or 187,582 shares. Allianz Asset Management Ag, a Germany-based fund reported 18,986 shares. First Advsr L P last reported 0.01% of its portfolio in the stock. Btim holds 0.61% or 792,669 shares in its portfolio. Rhumbline Advisers has invested 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Bessemer Group Inc Incorporated has 0% invested in the company for 408 shares. Renaissance Ltd has 684,300 shares for 0.06% of their US portfolio. Alyeska Invest Group L P has 0.11% invested in the company for 241,909 shares. Punch And Investment Mngmt reported 93,003 shares or 0.49% of all its holdings. Strs Ohio accumulated 0% or 6,000 shares. Moreover, 1St Global Advisors has 0.03% invested in Syntel, Inc. (NASDAQ:SYNT) for 4,571 shares. Stifel Financial Corp last reported 23,350 shares in the company.

Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 24 sales for $2.65 million net activity. Raj V S also sold $11,617 worth of Syntel, Inc. (NASDAQ:SYNT) on Tuesday, September 6. Rakesh Nitin had sold 1,750 shares worth $73,511 on Thursday, September 15. Save Rajesh sold $18,365 worth of stock or 401 shares. $16,408 worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Reddy Murlidhar. Garg Sanjay sold $57,758 worth of stock or 1,375 shares. The insider Jain Anil sold 750 shares worth $32,007. The insider Ranade Prashant sold $69,843.

Another recent and important Syntel, Inc. (NASDAQ:SYNT) news was published by Nasdaq.com which published an article titled: “Syntel, Inc. (SYNT) Ex-Dividend Date Scheduled for October 04, 2016” on October 03, 2016.

SYNT Company Profile

Syntel, Inc. (Syntel), incorporated on April 15, 1980, is a global well-known provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Firm operates through five divisions: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom. The Firm offers its services and products under the Syntel brand.